Germany's producer prices jumped by 14.2 percent from a year earlier in September 2021, accelerating from a 12.0 percent rise in the previous month and beating market expectations of 12.7 percent. It was the largest increase in producer costs since October 1974, when prices rose strongly during the first oil crisis, mainly due to a jump in energy prices, ongoing supply disruptions and a low base year. Energy cost climbed 32.6 percent, driven by natural gas (58.9 percent), while there were also increases in prices of intermediate products (17.4 percent), durable consumer goods (3.2 percent), capital goods (2.4 percent), and non-durable consumer goods (2.2 percent). On monthly basis, producer prices advanced by 2.3 percent in September, also above forecasts of 1 percent. source: Federal Statistical Office
Producer Prices Change in Germany averaged 2.04 percent from 1950 until 2021, reaching an all time high of 22.40 percent in June of 1951 and a record low of -7.80 percent in July of 2009. This page provides the latest reported value for - Germany Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Producer Prices Change in Germany is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Producer Prices Change is projected to trend around 3.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.